In the middle of thousands of meme coins, you must have heard of famous coins such as DOGE, Kishu Inu, Shiba Inu,.. Thanks to the outstanding growth of DogeCoin, other meme coins were quickly born and developed – BabyDoge is one of those coins. Launched on June 1, 2021, the coin has experienced massive volatility and outstanding growth in just the first 2 weeks of its launch.
BabyDoge – One of the best coins to buy in 2022.
So what is BabyDoge? Why does BabyDoge bring so much excitement to the community? Let’s explore the details with Crypto Insights in the article below!
What is BabyDoge Coin?
BabyDoge (BABYDOGE) is a cryptocurrency token created by fans of the Dogecoin online community in particular. Launched in early 2021 with a supply of 420 quadrillion tokens and recorded with the earliest sale price of $0.00000000175. The name BabyDoge is probably an attempt to rise above the cult platform of Dogecoin. BabyDoge doesn’t have any basic technology or gadgets.
If Dogecoin is derived from its blockchain, then BabyDoge is a token without its blockchain, running on Binance Smart Chain. BabyDoge operates a smart staking system, designed to reward Holders by adding more BABYDOGE to their wallets each time they complete a transaction.
Who is the founder of BabyDoge?
According to the official website: “BabyDoge Coin, this is a “new cryptocurrency born by fans of the online Dogecoin community”. Some unofficial sources claim that the creator of this meme coin is Christian Campisi – an environmental philanthropist with a passion for dogs.
Christian Campisi – Founder of BabyDoge
It is known that to create an ecosystem compatible with the Ethereum network, BabyDoge Coin developers have taken advantage of the feature of Binance Smart Chain (BSC).
BabyDoge’s Mission
According to the Whitepaper: “BabyDoge Coin is on a mission to bring crypto to the average person while also helping save dogs in need. BabyDoge is built on Binance Smart Chain with extremely fast 5-second block times and cheaper gas fees than Ethereum”.
BABYDOGE joins the Nascar Race and Fur Kids Charity Donation
BabyDoge coin was born not to compete with Doge, not to become the top 1 in the Meme Coin community. It focuses on charity. The project has a charity wallet that accounts for 2.2% of the total supply of BabyDoge Coin. This wallet receives 2.2% of the 5% transaction fees distributed to existing token holders. The funds in this charity wallet will be reserved for BabyDoge Coin charity partners.
What is BabyDoge used for?
The developers of BabyDoge Coin created it to be a hilarious meme with a serious mission to rescue dogs in need. However, BabyDoge is also commonly used as a reward, buy NFT and decentralized exchange on Babydoge’s website. At the same time, CoinPayments also allows Shopify, WooCommerce and Magento merchants to accept BabyDoge coin as a payment method.
Users can also buy BabyDoge hoard or use it to trade for profit. Those who hoard BabyDoge coins are often people from the DOGE community, passionate dog advocates, or people who put in a very small amount of capital in the belief that BabyDoge will increase sharply in the future.
What creates value for BabyDoge?
- Transparency: BabyDoge is decentralized and supported by a community of crypto enthusiasts. The project encourages open communication and believes that trust, transparency and community are 3 important factors affecting the future development of the project.
- Community: BabyDoge is one of the fastest-growing and most loved communities in the cryptocurrency market. BabyDoge is trying to grow its community even more through communication channels and Telegram groups dedicated to each investor community around the world.
- Trust: In the cryptocurrency market, investor confidence in the project is paramount. Trust comes not only from the transparency of the project but also from the security measures. BabyDoge has been audited by Dessert Finance and CertiK and has burned and locked most of its LP tokens.
- Longevity: BabyDoge focuses on long-term development. The project is focusing on developing and perfecting its product to promote real use cases and give more rewards to users.
How does BabyDoge Coin work?
BabyDoge Coin is one of many new cryptocurrencies that incentivize holdings by charging transaction fees. Anytime you sell BabyDoge Coin, you will lose 10%. If you keep it, you’ll be rewarded with a portion of the fees others pay when they sell BabyDoge. This is not the only coin that works this way. 10% will be divided into 2 parts as follows:
- 5% is redistributed proportionally to all BabyDoge Coin holders.
- 5% is forked and used for a liquidity pool with BabyDoge Coin and Binance Coin (BNB) on PancakeSwap.
Currently, the BabyDoge Coin team has burned 30% of the initial supply. Accordingly, in each distribution process, the project will burn 5% more. BABYDOGE has a relatively low starting price because they want investors to be able to buy millions of tokens. At the same time, this strategy also helps to generate huge profits when BabyDoge’s price exceeds 0.01 USD.
Outstanding features of BabyDoge Coin
- Swap: Enables decentralized swapping of tokens on the platform website.
- Card Pay: Direct crypto payment feature, the first application for the meme.Paw Wallet: The project’s design rewards tracking wallet. The wallet can aggregate wallet balances, coin valuations, etc.
- NFTs: An important feature of the project that helps users create and buy/auction NFTs related to dogs.
- Swag: A place that offers designer goods for BabyDoge owners. The money earned will be used to help more dogs.
Detailed information about BabyDoge Coin
BABYDOGE is used as a gift or reward for active BabyDoge coin holders.
- Token Name: BabyDoge.
- Token Symbol: BABYDOGE.
- Blockchain: Binance Smart Chain.
- Token Standard: BEP-20.
- Contracts: 0xc748673057861a797275cd8a068abb95a902e8de.
- Token type: Utility.
- Total supply: 420,000,000,000,000,000 BABYDOGE.
- Circulating supply: 295 Quadrillion
Baby Doge has a maximum supply of 420 quadrillion coins, 295 quadrillions of which are currently in circulation.
Where can users buy BabyDoge?
BabyDoge coin is currently listed on various exchanges. You can trade BabyDoge coins at MEXC, LBANK, Dodo, Pancakeswap, Binance, Metamask, Coin98,..
Is BabyDoge a potential project?
BabyDoge coin (BABYDOGE) is a relatively new project with more than 1 year of age in the coin market. However, the project showed outstanding growth potential when the BabyDoge coin spiked. Like every coin meme project, many people believe that investing in BabyDoge can be an investment that will change their lives in the future.
Analytics Insight listed BabyDoge as one of the top 3 coins to buy in 2022. They wrote: “BabyDoge has followed in the footsteps of its predecessor and achieved a true legion of fans. BabyDoge has become the new darling of investors in recent weeks, accumulating a high of 82% in the first days of 2022 alone. In the last 30 days, it is already up 200%, according to CoinMarketCap. Reaching the impressive milestone of 1.2 million users, BabyDoge coin has posted astonishing highs since late December, causing many to believe in the potential of the digital asset…”
However, the coin meme should only be considered as a kind of speculation and “lottery”. If you intend to speculate on meme coins, use your idle money, don’t expect too much to get rich quickly, and be prepared mentally that this investment can evaporate whenever. Hopefully, the information that Crypto Insights has provided above is useful for you before deciding to invest in BabyDoge!